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Employee doesn’t have right to promotion but consideration if not disqualified: SC
"It is trite that the employee has no right to be promoted but has...
Denmark plans $1 billion war insurance for its merchant fleet
Denmark plans to set aside almost $1 billion to insure its merchant...
India’s economic growth threatened as household savings hit 16-year low
“The household sector is consuming by borrowing more,” said Rupa Rege Nitsure economist with L&T Finance Holdings Ltd. This happens when income level stays stagnant but inflation creeps up. The recovery is not broad-based — while a section splurges on luxury...
National Health Authority to host 2-day Arogya Manthan event in Delhi
Ayushman Bharat PM-JAY, launched on 23rd September 2018, has scripted a saga of health, productivity and prosperity. With 5.5 crore free hospitalizations worth Rs. 69,000 crore, the scheme has not only ensured good health for crores of poor and downtrodden families...
Govt considers financial creditor status for insurers issuing surety bond
The general insurance companies are seeking changes in the Indian Contract Act and Insolvency and Bankruptcy Code (IBC) to bring surety bonds at par with bank guarantees when it comes to recourse available to them in case of a default. New Delhi: To make surety bond...
Sunak may ban cigarettes in UK for future generations -The Guardian
British Prime Minister Rishi Sunak Those measures include free vape kits, a voucher scheme to incentivise pregnant women to quit, and consulting on mandatory cigarette pack inserts, the spokesperson added. The spokesperson declined to comment further on The Guardian...
California lets insurers factor wildfire risks in rates to widen coverage
The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...
Indian Railways raises compensation for death or injuries in train accidents by 10 times
Additionally, in case of an untoward incident, Rs 1.5 lakh will be paid in case of death which was earlier Rs 15,000. Amount for grievous injury has been revised to Rs 50,000 from Rs 5,000 for grievous injury and compensation for a simple injury has been revised from...
India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra
A key driver in this transformation is likely to be the window of a demographic dividend that opened up in 2018 and will probably last till the 2040s, going by fertility and mortality rates,'' Reserve Bank Deputy Governor Michael D Patra said Mumbai: India will be a...
No reason for Canadian pension funds to back out from India: Official
''They are here because they are making higher returns here… So I don't see any reason for them to back out because of the current situation, which hopefully we will sort out,'' the official said. According to a report by think tank GTRI, Canadian pension funds, by...
India slips one notch to 87th out of 165 countries on economic freedom index: Report
A score closer to 10 indicates a higher level of economic freedom. According to the report, Singapore topped the index. It was followed by Hong Kong, Switzerland, New Zealand, the US, Ireland, Denmark, Australia, the UK, and Canada India slips one notch to 87th out of...
DGCA implements new rest regulations for air traffic controllers at 57 airports
“The regulation is modelled on ICAO regulations and is based on our national, social and cultural contexts coupled with scientifically valid, optimal limits for ATCO’s. This will ensure our skies become safe and will also take care of health, physical and...